Charles & Agnes Kazarian Eternal Foundation
- Assets
- $208.0m
- Revenue
- $5.0m
- Investments
- $37.1m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 03/2000
- Data as of
- 11/2021
- EIN
- 05-0502562
Organization Overview
Charles & Agnes Kazarian Eternal Foundation is located in Washington, DC. The organization was established in 2000. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charles & Agnes Kazarian Eternal Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 11/2021, Charles & Agnes Kazarian Eternal Foundation generated $5.0m in total revenue. All expenses for the organization totaled $6.5m during the year ending 11/2021.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVITY ONEECONOMIC DEVELOPMENT - COMMUNITY FINANCE: PARTNERED WITH CDFI TO PROVIDE JOB CREATION LOANS AND BANKING SERVICES IN ECONOMICALLY DISTRESSED MIDWESTERN US URBAN COMMUNITIES, HELPING TO FINANCE OVER $75 MILLION IN COMMUNITY DEVELOPMENT LENDING AND ADMINISTER $171 MILLION IN PPP LOANS HELPING 1,000+ SMALL BUSINESSES AND NONPROFIT ORGANIZATIONS PROVIDE JOB OPPORTUNITES DURING THE PANDEMIC.
ACTIVITY TWOECONOMIC DEVELOPMENT - EMERGING ENTREPRENEURS: PROVIDE JOB CREATION LOANS TO SOCIALLY RESPONSIBLE ENTREPRENEURS IN AN ECONOMICALLY DEPRESSED COMMUNITY IN THE NORTHEAST US AS WELL AS TO SELECT GLOBAL MISSION-RELATED ENTREPRENEURS.
ACTIVITY THREEECONOMIC DEVELOPMENT/EDUCATION - J-INTERSECT (JIS): PRODUCED AND BUILT A SEARCHABLE DIGITAL LIBRARY OF 463 GLOBAL BENCHMARKING AND BEST PRACTICE RESEARCH REPORTS IN FIVE INTERSECTORAL VERTICALS: DISRUPTIVE TECHNOLOGIES, ECONOMIC DEVELOPMENT, ESG, INFRASTRUCTURE, AND PUBLIC-PRIVATE PARTNERSHIPS. REPORTS IN THE JIS LIBRARY INCREASED BY 25 IN 2021, WITH A PRODUCTION-WEIGHTED UNIT INCREASE OF 70%. FOR 2022, JIS IS PROJECTED TO PRODUCE 84 REPORTS, WHICH IS 3.4 TIMES 2021 AND A PRODUCTION-WEIGHTED UNIT GROWTH RATE OF 133%.AS OF YEAR-END 2021, JIS HAD DISCOVERED AND ANALYZED 1,400+ GLOBAL BENCHMARKS AND 1,800+ HIGH VALUE-ADD BEST PRACTICES, AND THE INTELLIGENCE OF 6,000+ OF THE MOST KNOWLEDGEABLE SPECIFIC EXPERTS. J-INTERSECT USES A GLOBAL BENCHMARK AND HIGH VALUE-ADD BEST PRACTICE FRAMEWORK TO DISCOVER TRANSFORMATIONAL SOLUTIONS TO THE MOST COMPLEX CHALLENGES FACING GOVERNMENT, BUSINESS, AND NGOS. FOR ADDITIONAL INFORMATION, SEE WWW.JINTERSECT.COM.
ACTIVITY FOUREDUCATION - FINANCIAL AND MULTI-CULTURAL LITERACY: ORGANIZED AND DEVELOPED MAJOR GLOBAL CONFERENCES; DESIGNED AND DELIVERED PUBLIC FINANCIAL MANAGEMENT EDUCATIONAL PRESENTATIONS AND GRADUATE- AND EXECUTIVE-LEVEL COURSE MATERIALS. EXPANDED CENTER FOR PUBLIC FINANCIAL MANAGEMENT AND WEB-BASED EDUCATIONAL RESOURCES. ADMINISTERED CULTURAL HERITAGE ARTS EDUCATIONAL PROGRAM. PARTNERED ON PROGRAM THAT HAS PROVIDED MORE THAN $130 MILLION IN LOANS TO MORE THAN 1.25 MILLION POVERTY STRICKEN CLIENTS TO ATTEND SCHOOL WITH 99% LITERACY RATE EXPENSES.
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,463 |
| Interest on Savings | $22,299 |
| Dividends & Interest | $148,362 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,846,286 |
| Total Revenue | $5,026,410 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $49,000 |
| Pension plans, employee benefits | $30,953 |
| Interest | $0 |
| Taxes | $4,044 |
| Depreciation | $23,507 |
| Occupancy | $5,086 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,410,026 |
| Total operating and administrative expenses | $6,522,616 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $6,522,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,416,419 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $80,000,000 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $22,971 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,932 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $36,760,000 |
| Net Land, buildings, and equipment | $14,409,307 |
| Other assets | $72,044,799 |
| Total assets | $208,004,266 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Flamboyan Foundation Inc Washington, DC | $23,344,685 | $18,816,042 |
Charles & Agnes Kazarian Eternal Foundation Washington, DC | $208,004,266 | $5,026,410 |
Building Hope Idaho Washington, DC | $97,183,207 | $6,746,312 |
Building Hope Holdings Inc Washington, DC | $2,525,393 | $4,512,862 |
Global Ahead Inc Derwood, MD | $0 | $4,557,570 |
Rona And Jeffrey Abramson Foundation Rockville, MD | $47,786,937 | $3,092,454 |
Jayne Koskinas Ted Giovanis Foundation For Health And Policy Highland, MD | $14,613,580 | $2,825,934 |
International Center On Nonviolent Conflict Washington, DC | $264,158 | $1,729,105 |
International Lifeline Fund Washington, DC | $430,867 | $1,125,070 |
Agecroft Association Richmond, VA | $24,452,362 | $3,235,294 |
Nature Sacred Annapolis, MD | $10,597,874 | $2,689,034 |
Constance And Carl Ferrischartiable Foundation Inc Baltimore, MD | $0 | $691,593 |